SFGate: Dollars are still pouring in to governor

[Terwilliger]

One Big Donor w/ Huge Stake in Work. Comp. plan

Christian Berthelsen, Chronicle Staff Writer Wednesday, November 19, 2003

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Sacramento -- Gov. Arnold Schwarzenegger has raised nearly $1.3 million in campaign contributions since he was elected Oct. 7, including a $100,000 contribution from a company with a huge stake in the outcome of his effort to reform worker's compensation.

American International Group, of New York, gave Schwarzenegger the six- figure donation Thursday. The New York insurance giant is the largest of just a handful of underwriters of workers' compensation insurance in California. Schwarzenegger has made reform of the struggling workers' compensation system one of the top priorities of his new administration.

The company registered as a lobbyist on the two workers' compensation reform bills that passed through the Legislature earlier this year. Any decision that reduced profitability for insurance underwriters would harm AIG's interests in California.

Schwarzenegger will hold at least five fund-raisers throughout the state in December to retire up to $7 million in campaign debts and loans, and is launching a tandem fund-raising effort to pay for political activity next year.

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OnEdit: link

http://sfgate.com/cgi-bin/article.cgi?f=/c/a/2003/11/19/MNGUI35KVF1.DTL

[meegbear]

1. Link?

Wanna read the full story about this.

[Terwilliger]

2. oops

http://sfgate.com/cgi-bin/article.cgi?f=/c/a/2003/11/19/MNGUI35KVF1.DTL

[Emboldened Chimp]

3. Yeah, Arnie's not a politician

Riiiight.

[Howardx]

4. special interests have a stranglehold on sacramento

sound familiar?

[Howardx]

5. special interests have a stranglehold on sacramento

sound familiar?

[feminazi]

7. but, but, only labor unions

and Indian casinos are special interests

sarcasm off

[Racenut20]

6. Don't worry. He is going to "clean up Sacramento". hehehe

Or was that "clean up IN Sacramento" ???????

[arcane1]

8. glad to see he's not business as usual

:eyes:

when do we get to march on Sacramento?

Oh that's right, he's not going to live there!